Exam 24: Real Property

Homer and Marge bought Blueacres as tenants in common with equal shares of ownership.One year later,Homer died,leaving a will in which he left his interest in Blueacres to his son,Bart.Under these circumstances:

Courts have become increasingly inclined,in recent years,to hold that owners of commercial property owe persons lawfully on the property a duty to take reasonable steps to protect them against the foreseeable criminal acts of third parties.

Sally has been running a small but popular dance studio in her neighborhood for the last 15 years.Recently,a zoning ordinance mandated her neighborhood as strictly residential where no commercial activities could be undertaken.What is Sally's best approach to continue running her studio if she is asked to close it?

The term _____ is used to describe the nature of a person's ownership interest in real property.

A purchaser of real property who wishes to receive the broadest protection with respect to the property being conveyed should obtain a:

Which of the following are frequently used to cure technical defects in the chain of title to property?

Melissa's home is located in small and quiet neighborhood which has been declared a residential area by the local zoning ordinances.She wants to convert her patio into a small bakery for her neighbors who have often expressed their admiration for her baking skills.Does Melissa have any solution?

Alex has executed a deed in favor of Baxter which conveys in his favor whatever title he has at the time he executes the deed.This deed is called a warranty deed.

Archibald and Priscilla,an unmarried couple,co-owned a house.Priscilla automatically became the owner of the house upon Archibald's death.What kind of a co-ownership did they have?

A deed where the grantor warrants against (and agrees to defend against)title defects and encumbrances that arose after she acquired the property is called:

When taxes assessed on real property are not paid when due,they become a(n)_____ on the land.

Which of the following deeds uses phrases such as - "I grant," "I bargain and sell," or "I convey"?

An easement is a transfer of ownership real property from one person to another.

A warranty that amounts to a guarantee that house is free of latent defects that would render it unsafe or unsuitable for human habitation is called implied warranty of habitability.

An exclusive right to sell listing means that a broker receives a commission on a sale of the property even if the seller found the buyer.

Richard sells land to Jones but reserves the mineral rights to the property as well as an easement to enter the land to remove the minerals.Richard has acquired easement by:

Mr.Green sneaks into hunting property of Mr.Blue.Mr.Green builds a basic structure that is hidden from plain site.Ten years later Mr.Green files for title of the property.A court will reject Mr.Green's assertion of ownership of the property.

A(n)_____ is a right to enter another person's land and remove some product or part of the land.

Which of the following is true of a joint tenancy?

Which of the following is a history of what the public records show regarding the passage of title to,and other interests in,a parcel of real property?